By contrast, the pay-TV services market — encompassing cable, satellite, Internet protocol (IP) and digital terrestrial TV services — is set to remain flat over the five-year forecast period. However, IDC believes that these services are an increasingly important part of the multi-play offerings of telecom providers across the world. Spending on multi-play services is forecast to increase by 9% in 2017 and by 7% in 2018.
On a geographic basis, the Americas will be the largest services market with revenues of $635 billion in 2017, driven by the large North American sector. Asia Pacific will be the second largest region, followed by EMEA. The markets with the fastest year-over-year growth in 2017 will mainly be the emerging markets of Asia Pacific, followed by EMEA.
“The steady growth in the worldwide telecom market is driven by the need for IP services and higher bandwidth services, which are more than offsetting declining legacy telecom services,” said Courtney Munroe, group vice president, worldwide telecommunications research at IDC.